Fannie Mae (OTCQB:FNMA) announced new capabilities for its Desktop Underwriter (DU) system. Effective March 29, Fannie Mae single-family lenders can use a single 12-month asset verification report in the DU validation service to identify recurring deposits in the...
The Church of Jesus Christ of Latter-day Saints has acquired one of the most significant structures in its history – the Kirtland Temple, the first temple built by adherents of the Latter Day Saint movement – for $192.5 million. The temple was designed by Joseph...
The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced it will make $10 million in grant funding available to eligible housing counseling agencies. According to a press release from the department, the funds will enable the...
The Ontario Real Estate Association (OREA) announced the appointment of Rick Kedzior as its 2024 president. Kedzior has been an Oakville-based broker with Re/Max Aboutowne Realty Corp. since August 1994. In his new role, he will be representing Ontario’s nearly...
Federal Reserve Chairman Jerome Powell confirmed that the central bank will cut rates, but stopped short of offering a possible timeline on when rates will come down. In prepared remarks delivered today before the U.S. House Financial Services Committee, Powell noted...
The financially troubled New York Community Bancorp (NYSE:NYCB) is receiving a lifeline in the form of a capital investment worth more than $1 billion. The Wall Street Journal, citing unnamed “people familiar with the matter,” reported that Liberty Strategic, Citadel...
Hits and Misses for the Real Estate Week of Aug. 10-14
